Team Inc Reports Q4 2023 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
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Should l Buy TISI?
Source: seekingalpha
- Financial Performance: Team Inc reported a GAAP EPS of -$1.47 for Q4 2023, indicating challenges in profitability, although revenue increased by 5.4% year-over-year to $224.8 million, suggesting improved sales capabilities in the market.
- Revenue Growth: Despite the loss, Team Inc's revenue growth of 5.4% to $224.8 million reflects positive performance in customer demand and market share, potentially laying the groundwork for future profitability.
- Executive Appointment: The company appointed Gary Hill as CEO, aiming to drive strategic transformation through new leadership, enhance operational efficiency, and improve financial performance in response to current market challenges.
- Outlook Reaffirmation: Team Inc reaffirmed its outlook for 2025, indicating a commitment to long-term growth objectives despite current financial struggles, demonstrating management's confidence in future market opportunities.
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Analyst Views on TISI
About TISI
Team, Inc. is a provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. The Company’s segments include Inspection and Heat Treating (IHT) and Mechanical Services (MS). The IHT segment provides conventional and advanced non-destructive testing services primarily for the process, pipeline and power sectors, pipeline integrity management services, and field heat treating services, as well as associated engineering and condition assessment services. The segment also provides comprehensive non-destructive testing services and metallurgical and chemical processing services to the aerospace and other industries. The MS segment provides onstream services engineered to keep customer assets on-line and producing, and specialty maintenance, turnaround and outage services, which are performed while assets are off-line, and are designed to reduce customer downtime.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Team Inc. Reports 5.4% Revenue Growth in Q4 2025
- Revenue Growth: Team Inc. reported a year-over-year revenue increase of 5.4% in Q4 2025, translating to an additional $11.5 million, primarily driven by an 8.9% growth in the Mechanical Services segment and a 1.9% increase in Inspection and Heat Treating, indicating a focus on higher-margin opportunities.
- Capital Structure Optimization: The company successfully refinanced its capital structure, reducing the blended interest rate by over 100 basis points and extending term loan maturities to 2030, which enhanced financial flexibility and reduced net debt to $279 million.
- EBITDA Improvement: Team Inc. achieved an adjusted EBITDA of $60.7 million for 2025, marking a 12% improvement over 2024, with the EBITDA margin expanding from 6.4% to nearly 7%, reflecting significant progress in cost efficiency and margin expansion.
- Market Challenges: Despite improvements, Team Inc. still faces challenges in simplifying its business and strengthening its capital structure, and the lack of guidance for fiscal year 2026 due to the CEO transition highlights ongoing difficulties in expanding market share and accelerating revenue growth.
See More
Team, Inc. Reports Strong Q4 2025 Earnings with New CEO Insights
- Strong Financial Performance: In Q4 2025, Team, Inc. reported a revenue increase of 5.4%, amounting to $11.5 million, primarily driven by an 8.9% growth in the Mechanical Services segment, indicating robust market performance and sustained customer demand.
- Significant Operating Income Growth: The operating income for the quarter surged by 200% year-over-year to $4.4 million, reflecting the company's successful focus on higher-margin opportunities and sustainable cost reductions, thereby enhancing profitability.
- Capital Structure Optimization: The company successfully refinanced its capital structure in March 2025, lowering its blended interest rate by 100 basis points, and closed a $75 million private placement in September, which helped pay down approximately $67 million in debt, thereby improving financial flexibility.
- Cautious Future Outlook: New CEO Gary Hill indicated that the company will not provide guidance for fiscal year 2026 at this time to allow for a deeper review of operational performance and market trends, although management remains optimistic about future growth.
See More
Team Inc Reports Q4 2023 Financial Results
- Financial Performance: Team Inc reported a GAAP EPS of -$1.47 for Q4 2023, indicating challenges in profitability, although revenue increased by 5.4% year-over-year to $224.8 million, suggesting improved sales capabilities in the market.
- Revenue Growth: Despite the loss, Team Inc's revenue growth of 5.4% to $224.8 million reflects positive performance in customer demand and market share, potentially laying the groundwork for future profitability.
- Executive Appointment: The company appointed Gary Hill as CEO, aiming to drive strategic transformation through new leadership, enhance operational efficiency, and improve financial performance in response to current market challenges.
- Outlook Reaffirmation: Team Inc reaffirmed its outlook for 2025, indicating a commitment to long-term growth objectives despite current financial struggles, demonstrating management's confidence in future market opportunities.
See More
Team Inc. CEO Keith Tucker to Retire, Gary Hill Appointed Successor
- Executive Transition: Team Inc. announced the retirement of CEO Keith Tucker after over 20 years, with Gary Hill appointed as the new CEO effective February 1, 2026, indicating a potential shift in leadership direction and strategic execution for the company.
- New CEO Background: Gary Hill brings extensive management experience from his role as COO at Shermco Industries and previous senior leadership positions at AIS Holdings and AZZ Inc, which may drive future growth at Team Inc. through his proven leadership capabilities.
- Financial Outlook Reaffirmed: Team reaffirmed its 2025 outlook, targeting a 13% adjusted EBITDA growth, reflecting the company's optimism about future profitability while strengthening its balance sheet.
- Investment Context: The company is enhancing its financial position through a $75 million investment from Stellex, which not only improves its capital structure but also provides funding for future expansions and strategic investments.
See More
Team Inc. Reports Increased Losses in Q3
Third Quarter Loss: Team Inc. reported a loss of -$12.06 million for the third quarter, compared to a loss of -$11.13 million in the same period last year.
Adjusted Earnings: Excluding certain items, the company had adjusted earnings of -$6.67 million, or -$1.48 per share.
Revenue Growth: The company's revenue increased by 6.7% to $224.98 million, up from $210.76 million a year ago.
Earnings Comparison: The earnings per share (EPS) for the quarter was -$2.68, compared to -$2.52 in the previous year.
See More
Team, Inc. Reveals Schedule for Third Quarter Earnings Release and Conference Call
Earnings Release Announcement: Team, Inc. will release its third quarter 2025 earnings on November 12, 2025, after market close, and will hold a conference call on November 13, 2025, at 10:00 a.m. Central Time to discuss the results.
Participation Details: Interested participants can join the conference call toll-free in the U.S. at (877) 270-2148 or internationally at (412) 902-6510, and the call will also be available via webcast on the company's website.
Company Overview: Team, Inc., based in Sugar Land, Texas, is a leading provider of specialty industrial services, offering a range of mechanical, heat-treating, and inspection services across more than 20 countries.
Commitment to Safety and Efficiency: The company focuses on delivering technological innovation and expertise to enhance safety, reliability, and operational efficiency for its customers' critical assets.
See More
Team Inc. Reports 5.4% Revenue Growth in Q4 2025
- Revenue Growth: Team Inc. reported a year-over-year revenue increase of 5.4% in Q4 2025, translating to an additional $11.5 million, primarily driven by an 8.9% growth in the Mechanical Services segment and a 1.9% increase in Inspection and Heat Treating, indicating a focus on higher-margin opportunities.
- Capital Structure Optimization: The company successfully refinanced its capital structure, reducing the blended interest rate by over 100 basis points and extending term loan maturities to 2030, which enhanced financial flexibility and reduced net debt to $279 million.
- EBITDA Improvement: Team Inc. achieved an adjusted EBITDA of $60.7 million for 2025, marking a 12% improvement over 2024, with the EBITDA margin expanding from 6.4% to nearly 7%, reflecting significant progress in cost efficiency and margin expansion.
- Market Challenges: Despite improvements, Team Inc. still faces challenges in simplifying its business and strengthening its capital structure, and the lack of guidance for fiscal year 2026 due to the CEO transition highlights ongoing difficulties in expanding market share and accelerating revenue growth.
See More
Team, Inc. Reports Strong Q4 2025 Earnings with New CEO Insights
- Strong Financial Performance: In Q4 2025, Team, Inc. reported a revenue increase of 5.4%, amounting to $11.5 million, primarily driven by an 8.9% growth in the Mechanical Services segment, indicating robust market performance and sustained customer demand.
- Significant Operating Income Growth: The operating income for the quarter surged by 200% year-over-year to $4.4 million, reflecting the company's successful focus on higher-margin opportunities and sustainable cost reductions, thereby enhancing profitability.
- Capital Structure Optimization: The company successfully refinanced its capital structure in March 2025, lowering its blended interest rate by 100 basis points, and closed a $75 million private placement in September, which helped pay down approximately $67 million in debt, thereby improving financial flexibility.
- Cautious Future Outlook: New CEO Gary Hill indicated that the company will not provide guidance for fiscal year 2026 at this time to allow for a deeper review of operational performance and market trends, although management remains optimistic about future growth.
See More
Team Inc Reports Q4 2023 Financial Results
- Financial Performance: Team Inc reported a GAAP EPS of -$1.47 for Q4 2023, indicating challenges in profitability, although revenue increased by 5.4% year-over-year to $224.8 million, suggesting improved sales capabilities in the market.
- Revenue Growth: Despite the loss, Team Inc's revenue growth of 5.4% to $224.8 million reflects positive performance in customer demand and market share, potentially laying the groundwork for future profitability.
- Executive Appointment: The company appointed Gary Hill as CEO, aiming to drive strategic transformation through new leadership, enhance operational efficiency, and improve financial performance in response to current market challenges.
- Outlook Reaffirmation: Team Inc reaffirmed its outlook for 2025, indicating a commitment to long-term growth objectives despite current financial struggles, demonstrating management's confidence in future market opportunities.
See More
Team Inc. CEO Keith Tucker to Retire, Gary Hill Appointed Successor
- Executive Transition: Team Inc. announced the retirement of CEO Keith Tucker after over 20 years, with Gary Hill appointed as the new CEO effective February 1, 2026, indicating a potential shift in leadership direction and strategic execution for the company.
- New CEO Background: Gary Hill brings extensive management experience from his role as COO at Shermco Industries and previous senior leadership positions at AIS Holdings and AZZ Inc, which may drive future growth at Team Inc. through his proven leadership capabilities.
- Financial Outlook Reaffirmed: Team reaffirmed its 2025 outlook, targeting a 13% adjusted EBITDA growth, reflecting the company's optimism about future profitability while strengthening its balance sheet.
- Investment Context: The company is enhancing its financial position through a $75 million investment from Stellex, which not only improves its capital structure but also provides funding for future expansions and strategic investments.
See More
Team Inc. Reports Increased Losses in Q3
Third Quarter Loss: Team Inc. reported a loss of -$12.06 million for the third quarter, compared to a loss of -$11.13 million in the same period last year.
Adjusted Earnings: Excluding certain items, the company had adjusted earnings of -$6.67 million, or -$1.48 per share.
Revenue Growth: The company's revenue increased by 6.7% to $224.98 million, up from $210.76 million a year ago.
Earnings Comparison: The earnings per share (EPS) for the quarter was -$2.68, compared to -$2.52 in the previous year.
See More
Team, Inc. Reveals Schedule for Third Quarter Earnings Release and Conference Call
Earnings Release Announcement: Team, Inc. will release its third quarter 2025 earnings on November 12, 2025, after market close, and will hold a conference call on November 13, 2025, at 10:00 a.m. Central Time to discuss the results.
Participation Details: Interested participants can join the conference call toll-free in the U.S. at (877) 270-2148 or internationally at (412) 902-6510, and the call will also be available via webcast on the company's website.
Company Overview: Team, Inc., based in Sugar Land, Texas, is a leading provider of specialty industrial services, offering a range of mechanical, heat-treating, and inspection services across more than 20 countries.
Commitment to Safety and Efficiency: The company focuses on delivering technological innovation and expertise to enhance safety, reliability, and operational efficiency for its customers' critical assets.
See More
